
1302: Ask Farnoosh: Wise to transfer credit card debt to a personal loan?
So Money with Farnoosh Torabi
00:00
Do You Have a Good Credit Score?
i got overloaded on the credit cards. As i've paid them off, i have cancelled them, and now i only have two cards. I took the balance on one, which had an a p r of almost 26 %, and i moved it to a personal loan, which has an interest rate of just 12%. Now i'm wondering if i did the right thing by opening a personal loan. Did i do the right thing? So i actually responded to sharon via text as soon as i got this question. And i said, short answer, you're fine, but listen to friday show and i'll elaborate.
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